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SHA:600869

10 stories mentioning SHA:600869Updated 3d ago

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Asia

Far East Smarter Energy's Unit to Sell Assets for 110 Million Yuan

Far East Smarter Energy (SHA:600869) unit Jiangsu Far East Battery plans to dispose of certain assets for a total of 109.9 million yuan, according to a Shanghai bourse filing on Thursday.The subsidiary will sell 62 items of machinery and 206 items of electronic equipment to Ningbo Jingyan Liangzao New Energy Technology for 39.3 million yuan. Additionally, 83 items of machinery and 242 items of electronic equipment will be sold to Jiangsu Jihou Intelligent Technology for 70.6 million yuan.The smart energy company's shares fell 8% during the midday trade.

SHA:600869
Asia

Far East Smarter Energy Eyes 2 Billion Yuan From Private Placement; Shares Down 5%

Far East Smarter Energy (SHA:600869) is looking to raise up to 2 billion yuan from the sale of 665.8 million shares to no more than 35 investors through a private placement, according to a Tuesday filing with the Shanghai Stock Exchange.The smart energy solutions provider plans to use the proceeds for its fully synthetic optical fiber preforms project for artificial intelligence data centers and for working capital.Shares fell 5% during afternoon trading on Tuesday.

SHA:600869
Asia

Tech Selloff Pulls Down China Shares; Far East Smarter Energy Falls 8%

Chinese shares closed lower on Thursday amid a global selloff of chip and semiconductor stocks..The Shanghai Composite Index, the main gauge of Chinese stocks, closed 2.0% lower to 4,028.90. The Shenzhen Component Index fell 3.9% to 15,498.81.The semiconductor-driven downturn that originated on Wall Street spread into the Chinese tech market, with the SSE STAR 50 Index (SSE:000688), the benchmark for the 50 largest science and technology companies on the Shanghai bourse, falling 8%.The overseas selling pressure likely stems from an unwinding of overcrowded positions in the AI hardware segment, Jiemian News reported. Earlier market enthusiasm over AI had fueled excessive speculation, and the current pullback reflects a broader shift toward risk-off behavior, with AI-related stocks bearing the brunt of the selloff.Meanwhile, a finance ministry official said China will strengthen cooperation with the World Bank on global challenges, with greater emphasis on knowledge-sharing. While advancing domestic high-quality development, Beijing will support developing countries' common prosperity, the official added.In company news, Far East Smarter Energy (SHA:600869) and its subsidiaries won contracts worth a total of 1.73 billion yuan in June. Shares of the wire and cable manufacturer fell 8% Thursday.

Shanghai Composite^SZSESHA:600869
Asia

Far East Smarter Energy Wins 1.73 Billion Yuan of Contracts in June; Shares Slide 7%

Far East Smarter Energy (SHA:600869) and its subsidiaries won contracts worth a total of 1.73 billion yuan in June, according to a Thursday filing with the Shanghai bourse.The company's filing summarizes newly signed contracts, each valued at more than 10 million yuan.Shares fell nearly 7% during afternoon trading on Thursday.

SHA:600869
Asia

Chinese Shares Rise on Tech Optimism, Index Rebalancing; Far East Smarter Energy Jumps 10%

Chinese shares rose on Tuesday, supported by a rally in technology stocks and the upcoming index rebalancing.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.4% to 4,075.10. The Shenzhen Component Index went up 1.6% to 15,591.13.Markets are balancing renewed geopolitical risks from the U.S.-Iran war against continued enthusiasm for artificial intelligence-driven growth and technology investment," Reuters reported, citing Robert Savage, head of markets macro strategy at BNY.Meanwhile, China is the only major emerging market drawing investment into its equity, bond, and currency markets, Savage added.Also, boosting sentiment is China's upcoming semi-annual index rebalancing.According to Goldman Sachs estimates, adjustments to major CSI and CNI indexes scheduled for June could trigger over $48 billion in gross two-way passive investment flows, Reuters reported. The adjustments will raise the representation of information technology, telecommunications, and industrial companies.In company news, Far East Smarter Energy (SHA:600869) and its subsidiaries won contracts of about 1.80 billion yuan in May. Shares of the wire and cable manufacturer closed 10% higher Tuesday.

Shanghai Composite^SZSESHA:600869
Asia

Far East Smarter Energy Wins 1.8 Billion Yuan in Contracts

Far East Smarter Energy (SHA:600869) and its subsidiaries won contracts of about 1.80 billion yuan in May.China's State Grid accounted for 484 million yuan of the total, while strategic customers contributed 1.31 billion yuan, according to a Tuesday filing with the Shanghai bourse.Shares of the wire and cable manufacturer rose 10% in recent trade.

SHA:600869
Asia

Chinese Stocks Jump Over Potential US-Iran Deal

Chinese equities made gains for a second day as sentiment was uplifted over the possibility of the U.S. and Iran striking a deal.The Shanghai Composite Index rose 0.5%, or 19.92 points, to finish Thursday's trade at 4,180.09. The Shenzhen Component Index jumped 1.2%, or 182.27 points, to 15,641.89.U.S. President Donald Trump said the U.S. and Iran had "very good talks" after the U.S. handed a proposal in ending the war.In corporate news, Far East Smarter Energy (SHA:600869) jumped 7.3% after receiving contract orders worth 2.63 billion yuan in April.Inner Mongolia Xingye Silver & Tin Mining (SHE:000426) climbed 6.6% after a unit agreed to fully acquire Tibet Sunshine Mining Investment for 164 million yuan.Jinko Power Technology (SHA:601778) rose 3.8% after deciding not to redeem early bonds worth 3 billion yuan despite its redemption clause being triggered.

Shanghai Composite^SZSESHA:600869SHA:601778SHE:000426
Asia

Far East Smarter Energy Gets Contract Orders Amounting to 2.63 Billion Yuan in April; Shares Up 5%

Far East Smarter Energy (SHA:600869) received contract orders worth 2.63 billion yuan in April, according to a Shanghai bourse filing on Thursday.The contracts included those won from the State Grid Corporation of China. It covered smart cables and green building cables.The wire and cable manufacturer's shares jumped 5% during the morning trade.

SHA:600869
Asia

Far East Smarter Energy Turns to 2025 Profit; Shares Jump 9%

Far East Smarter Energy (SHA:600869) posted 2025 attributable net profit of 58.9 million yuan, compared with loss of 318.0 million yuan the previous year.Earnings per share stood at 0.0267 yuan, versus loss per share of 0.1433 yuan last year, according to a Wednesday filing with the Shanghai bourse.Operating revenue rose 7.7% year over year to 28.1 billion yuan from 26.1 billion yuan.Shares of the wire and cable manufacturer were up 9% in recent trade.

SHA:600869
Asia

Far East Smarter Energy's Attributable Profit Jumps 110% in Q1; Shares Surge 9%

Far East Smarter Energy's (SHA:600869) attributable profit rose 110% to 96.6 million yuan in the first quarter from 45.9 million yuan in the year-ago period, according to a Wednesday filing with the Shanghai bourse.Earnings per share at the smart energy services company increased 104% to 0.0422 yuan from 0.0207 yuan in the prior-year period.Operating income grew 9.3% year over year to 5.32 billion yuan from 4.87 billion yuan.Shares increased 9% during afternoon trading on Wednesday.

SHA:600869

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